Fibonacci Analysis: Fibonacci analysis evaluates the short term (30 days) intermediate term (60 days) and long term trends (120 days) and retracements. Stocks that retrace 38.2% or less of a trend will usually continue the trend. Retracements exceeding 61.8% indicate a reversal. Alerts will include ABC's up/down (multiple 38% retracements) and various reversal signals.
Time FrameTrend38.2%50%61.8%
Long to 18.92 15.95 (15.70%) . .
Intermediate 17.65 to 15.95 . . 17.34 (81.76%)
Short 16.01 to 17.34 . . 16.43 (68.42%)